What is Electronic Benefits Transfer (EBT)?
EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes. This is accomplished with the use of plastic magnetic-striped cards at the point-of-sale terminal. The end result is the elimination of coupon benefits distribution. The electronic process results in increased security, thereby reducing fraud and benefit misuse. The US Government has mandated that all federal financial support services and entitlements be distributed through direct electronic deposit by the year 2002.
EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes. This is accomplished with the use of plastic magnetic-striped cards at the point-of-sale terminal. The end result is the elimination of coupon benefits distribution. The electronic process results in increased security, thereby reducing fraud and benefit misuse.
EBT is an electronic system in the US that allows state governments to provide benefits to authorized recipients via debit cards. EBTs fall into two general categories: Food Stamps and Cash benefits. Food stamp benefits are federally authorized benefits that can be used only to purchase food. Cash benefits include State General Assistance, TANF (Temporary Aid to Needy Families) benefits and refugee benefits.
EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes. This is accomplished with the use of plastic magnetic-stripe-cards at the point-of-sale terminal. The end result is the elimination of coupon benefits distribution. The electronic process results in increased security, thereby reducing fraud and benefit misuse.
